NGPL Employees Credit Union
- Assets
- $2.5m
- Revenue
- $67.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Saint Charles, IA
- Founding
- Data as of
- 12/2021
- EIN
- 42-0861953
Organization Overview
NGPL Employees Credit Union is located in Saint Charles, IA. As of 12/2021, NGPL Employees Credit Union employed 2 individuals. NGPL Employees Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, NGPL Employees Credit Union generated $67.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $63.5k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 300 SHARE ACCOUNTS HELD BY APPROXIMATELY 300 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin L Goering Cfomanager | OfficerTrustee | 30 | $16,500 |
William D Curry Chairman Of The Board | Trustee | $0 | |
Christian C Jensen Vice Chairman Of Board | Trustee | $0 | |
Jeff Phillips Director | Trustee | $0 | |
James Gipple Director | Trustee | $0 | |
Nancy Howard Secretary | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $16,452 |
| Investment income | $51,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $21,546 |
| Compensation of current officers, directors, key employees. | $16,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,585 |
| Information technology | $3,402 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,966 |
| All other expenses | $3,000 |
| Total functional expenses | $63,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,217 |
| Savings and temporary cash investments | $146,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$49,013 |
| Loans from Officers, Directors, or Controlling Persons | $59,813 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $255,640 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,658 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,971,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,356 |
| Total assets | $2,488,579 |
| Accounts payable and accrued expenses | $12,526 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,668,691 |
| Total liabilities | $1,681,217 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $807,362 |
| Total liabilities and net assets/fund balances | $2,488,579 |
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